Baird served as a co-manager in this offering.
AboutAshford Hospitality Trust, Inc. (“Ashford” or the “Company”)(NYSE: AHT) recently completed a follow-on offering of 7,000,000 shares of its common stock at a price of $12.50 per share, generating gross proceeds of $87.5 million. Ashford intends to use the net proceeds from the offering to repay its borrowings under its senior credit facility and for general corporate purposes.
Ashford is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure.
For additional information about this transaction, please contact:
- June 2011
- Ashford Hospitality Trust, Inc.
- Real Estate
- Target Location
- North America